By Tiernan Ray

Shares of online local recommendations and reviews site Yelp (YELP) are lower by 97 cents, over 4%, at $21.41 in late trading after the company reported Q4 revenue that topped analysts’ estimates, but missed on the bottom line, projected this quarter’s revenue in line and operating profit lower, and forecast the full year’s revenue and profit ahead of consensus.

Revenue in the three months ended in December rose 65%, year over year, to $41.2 million, yielding a net loss of 8 cents.

Analysts had been modeling $40.2 million and a 4-cent loss per share, according to FactSet.

For the current quarter, the company sees $44 million to $44.5 million, roughly in line with the consensus $44.3 million. Adjusted Ebitda, however, is projected at $1.25 million to $1.5 million, below the consensus for $2.5 million.

For the full year, the company sees revenue in a range of $210 million to $212 million, better than the Street’s average $207 million estimate. Ebitda is projected at $20 million to $22 million, which is slightly higher than the $20.6 million Street consensus.

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.